← NORFOLK SOUTHERN CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $1.7b $5.4b $2.7b $2.7b $2.0b $3.0b $3.3b $1.8b $2.6b $2.9b
Net Income (Loss) Available to Common Stockholders, Basic $1.7b $5.4b $2.7b $2.7b $2.0b $3.0b $3.3b $1.8b $2.6b $2.9b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $1.7b $5.4b $2.7b — — — — — — —
Depreciation, Depletion and Amortization $1.0b $1.1b $1.1b $1.1b $1.2b $1.2b $1.2b $1.3b $1.4b $1.4b
Depreciation $1.0b $1.1b $1.1b $1.1b $1.2b $1.2b $1.2b $1.3b $1.4b $1.4b
Deferred Income Tax Expense (Benefit) $227.0m ($2.9b) $173.0m $330.0m $142.0m $184.0m $83.0m ($49.0m) $176.0m $277.0m
Share-based Payment Arrangement, Expense $42.0m $45.0m $47.0m $53.0m $28.0m $54.0m $53.0m $40.0m $40.0m $63.0m
Equity Method Investment, Other than Temporary Impairment — — — — $99.0m $0 $0 — — —
Gain (Loss) on Disposition of Property Plant Equipment — — — — — — — — — $253.0m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $9.0m $13.0m — — — — — — — —
Gain (Loss) on Disposition of Assets $46.0m $92.0m $171.0m $42.0m $39.0m $86.0m $82.0m $49.0m $490.0m $253.0m
Income Tax Expense (Benefit) $914.0m ($2.3b) $803.0m $769.0m $517.0m $873.0m $860.0m $493.0m $707.0m $792.0m
Interest Expense Nonoperating — — — — — — — — — $792.0m
Operating Lease, Expense — — — — — — — $26.0m $5.0m —
Other Nonoperating Income (Expense) $71.0m $92.0m $67.0m $106.0m $153.0m $77.0m $13.0m $191.0m $65.0m $101.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($23.0m) $41.0m $70.0m ($87.0m) ($71.0m) $133.0m $171.0m $2.0m ($85.0m) ($59.0m)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — ($385.0m) $0 $0 — — —
Environmental Remediation Expense $31.0m — — — — — — — — —
Investment Income, Interest $10.0m $13.0m — — — — — — — —
Operating Expenses $6.8b $7.0b $7.5b — — — — — — —
Proceeds from Stock Options Exercised — $104.0m $58.0m $53.0m $98.0m $42.0m $25.0m $19.0m $41.0m $17.0m
Other Operating Income (Expense), Net — — — — — — — — $273.0m —
Net Cash Provided by (Used in) Operating Activities $3.0b $3.3b $3.7b $3.9b $3.6b $4.3b $4.2b $3.2b $4.1b $4.4b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.9b $1.7b $2.0b $2.0b $1.5b $1.5b $1.9b $2.3b $2.4b $2.2b
Payments to Acquire Investments $123.0m $7.0m $10.0m $18.0m $13.0m $10.0m $12.0m $124.0m $319.0m $621.0m
Payments for (Proceeds from) Other Investing Activities ($48.0m) ($47.0m) ($99.0m) $104.0m $1.0m ($99.0m) ($94.0m) ($205.0m) ($1.0b) ($99.0m)
Net Cash Provided by (Used in) Investing Activities ($1.8b) ($1.5b) ($1.7b) ($1.8b) ($1.2b) ($1.2b) ($1.6b) ($2.2b) ($2.8b) ($2.6b)
Cash flows from financing activities:
Payments for Repurchase of Common Stock $803.0m $1.0b $2.8b $2.1b $1.4b $3.4b $3.1b $622.0m $0 $534.0m
Payments of Ordinary Dividends, Common Stock $695.0m $703.0m $844.0m $949.0m $960.0m $1.0b $1.2b $1.2b $1.2b $1.2b
Proceeds from (Payments for) Other Financing Activities — — — $23.0m $0 $0 — — — —
Net Cash Provided by (Used in) Financing Activities ($1.3b) ($2.0b) ($2.3b) ($2.0b) ($1.9b) ($3.3b) ($3.0b) $115.0m ($1.2b) ($1.9b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($145.0m) ($266.0m) ($244.0m) $134.0m $535.0m ($276.0m) ($383.0m) $1.1b $73.0m ($111.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $446.0m $580.0m $1.1b $839.0m $456.0m $1.6b $1.6b $1.5b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $543.0m $528.0m $496.0m $555.0m $577.0m $579.0m $619.0m $653.0m $764.0m $765.0m
Income Taxes Paid, Net $593.0m $705.0m $519.0m $543.0m $311.0m $654.0m $750.0m $681.0m $305.0m $491.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.